{"id":2392165,"date":"2025-01-18T16:37:56","date_gmt":"2025-01-18T21:37:56","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-settles-lawsuit-with-blackrock-washington-examiner\/"},"modified":"2025-01-18T16:40:33","modified_gmt":"2025-01-18T21:40:33","slug":"tennessee-settles-lawsuit-with-blackrock-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-settles-lawsuit-with-blackrock-washington-examiner\/","title":{"rendered":"Tennessee settles lawsuit with BlackRock &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftennessee-settles-lawsuit-with-blackrock-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2392165&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The text provided contains HTML\u200d and XML snippets related to a web interface. It suggests a button labeled \u2062&#8221;Read\u2063 more&#8230;&#8221; which, when clicked, is intended to \u200d<a href=\"https:\/\/amzn.to\/3YuVZYV\">reveal \u2063additional content<\/a>. The repeated XML encoding suggests there may be\u2064 redundancy\u200c or errors in the data structure. Additionally,there are elements for mobile \u200cnavigation\u2064 and search functionalities,indicating that the interface is designed\u2063 to be user-friendly on mobile\u200c devices. The purpose is to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reporters-notebook-what-the-bigger-than-expected-interest-rate-cut-means-washington-examiner\/\" title=\"Reporter\u2019s Notebook: What the bigger than expected interest rate cut means - Washington Examiner\">enhance\u2062 user interaction<\/a> by allowing them to access further details \u2064and utilize search options within the \u200dwebsite.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Tennessee settles lawsuit with BlackRock<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1938786\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square)&nbsp;&ndash; BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.<\/p>\n<div class=\"article-paywall\">\n<p>Attorney General Jonathan Skrmetti filed a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nhs-director-calls-out-gwyneth-paltrow-for-covid-19-recovery-advice\/\" title=\"NHS Director Calls Out Gwyneth Paltrow For COVID-19 Recovery Advice\">consumer protection lawsuit<\/a> against the investment firm in December 2023. The state accused BlackRock of failing to tell investors how much environmental, social, and governance considerations had been incorporated into its investment strategies. The alleged misrepresentation &ldquo;deprived consumers of the ability to make an informed choice,&rdquo; Skrmetti said.<\/p>\n<p>ESG is an acronym used in conjunction with environmental, social, and governance policies in investments.<\/p>\n<p>BlackRock agreed to increase its disclosure of proxy voting practices and to a third-party audit to show it is complying with the state&rsquo;s terms.<\/p>\n<p>The state is dismissing the lawsuit.<\/p>\n<p>&ldquo;This resolution assures that the money Tennesseans invest with BlackRock is managed consistent with the funds&rsquo; disclosures,&rdquo; Skrmetti said. &ldquo;While investors are always free to buy cause-oriented products instead of focusing on maximum return, this settlement ensures that only investors who make a knowing choice will see their assets directed toward these non-financial goals.&rdquo;<\/p>\n<p>BlackRock is one of the nation&rsquo;s asset management firms. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/parler-worked-with-fbi-to-target-threats-prior-to-capitol-riot-company-says\/\" title=\"Parler Worked With FBI To Target Threats Prior To Capitol Riot, Company Says\">company announced&#038;nbsp<\/a>;<strong><a href=\"https:\/\/www.thecentersquare.com\/national\/article_996d2082-d1b1-11ef-9f9e-6bbe71408d94.html\" target=\"_blank\" rel=\"noreferrer noopener\">earlier this week<\/a><\/strong>&nbsp;it was leaving the Net-Zero Banking Alliance. Financial institutions participating in the United Nations-backed alliance agreed to &ldquo;align their lending, investment and capital markets activities with net zero greenhouse gas emissions by 2050 or earlier,&rdquo; according&nbsp;<strong><a href=\"https:\/\/www.unepfi.org\/net-zero-banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">to its website<\/a><\/strong>.<\/p>\n<p>&ldquo;We&rsquo;re pleased to resolve this matter. BlackRock has consistently acted in the best interests of our clients, and we welcome the opportunity to demonstrate that fact through even greater transparency about our practices,&rdquo;&nbsp; a spokesperson for BlackRock said in an email to The Center Square.&nbsp;<\/p>\n<p>Goldman Sachs, Wells Fargo, Citigroup, Bank of America, Morgan Stanley and JPMorgan also left the alliance.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1938786\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1938786\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tennessee resolves lawsuit with BlackRock over ESG claims<\/p>\n","protected":false},"author":1,"featured_media":2392166,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/04\/tennessee-state-capitol-1024x591.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[7002,4585,6651],"class_list":["post-2392165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-blackrock","tag-lawsuit","tag-tennessee"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/04\/tennessee-state-capitol-1024x591.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2392165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2392165"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2392165\/revisions"}],"predecessor-version":[{"id":2392169,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2392165\/revisions\/2392169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2392166"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2392165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2392165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2392165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}